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The legislation, referred to the House Committee on Oversight and Government Reform, comes after the panel advanced a measure to cut federal employee pensions last week.

A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.

The former CEO of Fiserv Inc. was approved along party lines; his term will expire in January 2031.

The new guidance is part of the Trump administration’s broader shift toward deregulation and reducing the size of federal agencies. 

Plan sponsors see expanded opportunities as 529s evolve beyond education savings.

The new executives will replace President and Chief Administrative Officer Kevin Thompson, who is retiring.

There are 12 plans reporting a funding ratio greater than 125%, according to Milliman’s 2025 U.S. corporate pension funding study.

The legislation aims to provide clarity for Americans deciding when to claim benefits.

The proposed cuts include eliminating workforce training by roughly one-third and removing both Job Corps and the Senior Community Service Employment Program.

The parties agreed to a settlement in the second part of a case over prohibited transactions. 

MissionSquare Retirement appoints Tom McAndrews chief legal officer; Paul Mahon to retire from Great-West Lifeco; Lincoln Financial names two external wholesalers; and more.

The district court decision is the latest action in a flurry of cases concerning the alleged mismanagement of forfeited assets.

Ascensus streamlines IRA, HSA administration for banks and credit unions; 401Go expands its retirement offerings; Schwab Retirement Plan Services adds tools via Candidly; and more.

The measure passed the House Oversight Committee mostly along partisan lines and is expected to move to the Budget Committee.

With dementia cases on the rise, plan sponsors have a duty to protect assets and shelter participants from financial fraud.

Plan sponsors and recordkeepers aim to prevent both participant mistakes and fraud schemes that can decimate retirement savings.

Plan providers are using technology to authenticate participants, secure accounts, flag suspicious activity and help protect participants’ assets.

The average cost to transfer corporate pension plan liabilities and to purchase an annuity both went up, according to Milliman.

The firm intends to offer retirement plan participants higher growth potential by removing management fees in what it terms an industry first.

The state programs, administered by Vestwell, expect the partnership to reduce costs.